Wednesday, July 4, 2012

Billions of dollars in U.S. Government funding has been lost on lousy green energy investments. Here is a list of the many bad investments made by U.S. government bureaucrats.

Sterling Burnett / environmentblog.ncpa.org:Green Energy’s Bankruptcy Blackout -- The Obama administration green energy boosterism is no secret. With big names like Solyndra andSolar Trust of Americamaking headlines every other day, it’s hard to get away from the administrations funding failures. What may come as a surprise is the overall amount of money being thrown away on these green companies that the administration has championed.

Sun Power: Received $1.2 billion in federal loan guarantees — Debt exceeds assets; French oil company took over last fall

BrightSource Energy: $1.6 billion federal loan approved in April 2012 – loan obtained through political connections with the administration; absent the loan, Brightsource’s solar power purchase would have fallen through.